Portfolio Measures
The content of this section is not part of the statutory audit of the annual financial statements but has undergone a separate limited assurance by our auditor.
The content of this section is voluntary, unaudited information, which was critically read by the auditor.
In the context of portfolio management, we want to further strengthen our core businesses through value-adding acquisitions. With regard to our standalone businesses, we are pursuing options to create the greatest value for BASF and its shareholders. To achieve profitable growth, we also intend further expanding our presence in high-growth markets.
Acquisitions
On July 1, 2025, BASF completed the purchase of the 49% stake held by DOMO Chemicals GmbH, Leuna, Germany, in the Alsachimie S.A.S. joint operation in Chalampé, France, which had been announced on May 28, 2025. BASF had held 51% of the joint operation prior to the transaction. Full ownership of Alsachimie enables BASF to optimize backward integration of key raw materials, ensuring supply reliability and efficiency across the polyamide 6.6 value chain.
Divestitures
On March 25, 2025, BASF and Vattenfall announced the sale of BASF’s 49% equity share in the Nordlicht 1 and 2 wind farm projects to Vattenfall. The collaboration with Vattenfall will continue, securing BASF a long-term supply of electricity from renewable sources for its chemical production in Europe – at a later point in time when additional green electricity is needed. The transaction resulted in a non-cash-effective loss of €325 million in the first quarter.
Effective April 21, 2025, BASF completed the divestiture of its shares in BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co. Ltd. in Korla, China to Verde Chemical Singapore Pte. Ltd. The companies operated production plants for butanediol and PolyTHF, which were allocated to the Chemicals segment. The assets and liabilities allocated to the disposal group were derecognized in April 2025.
On September 30, 2025, BASF successfully completed the sale of the food and health performance ingredients business to the Louis Dreyfus Company (LDC), Rotterdam, Netherlands. This transaction included the production site in Illertissen, Germany, three application laboratories outside Germany and around 300 employees. The transferred business activities were part of the Nutrition & Health division and include food performance ingredients, health ingredients and several smaller product lines.
After approval by the responsible competition authority, BASF completed the sale of its Brazilian decorative paints business to Sherwin-Williams, Cleveland, Ohio, on October 1, 2025. On a cash and debt-free basis, the purchase price amounted to $1.15 billion (€981 million). The transaction included the Brazilian production sites in Demarchi and Jaboatão, related contracts, the Suvinil and Glasu! brands, and the transfer of approximately 1,000 employees. The decorative paints business, which was part of the Coatings division in the Surface Technologies segment, generated sales of around €485 million in 2024 and operated almost exclusively in Brazil.
Agreed transactions
On October 10, 2025, BASF and Carlyle, Washington D.C., announced they had signed a binding agreement for the sale of BASF’s automotive OEM coatings, automotive refinish coatings and surface treatment business units (“coatings”). The enterprise value of the transaction amounts to €7.7 billion. Subject to approval from the relevant regulatory bodies, the transaction is expected to close in the second quarter of 2026. Upon closing, BASF will receive pre-tax cash proceeds of approximately €5.8 billion as well as a 40% equity stake in the new coatings entity, which it will report as a financial investment accounted for using the equity method.
The business to be divested generated sales of around €3.7 billion in 2025. Owing to the planned divestiture, the affected business units are reported as discontinued operations in accordance with IFRS 5 as of September 30, 2025. From this date, the sales and earnings of the automotive OEM coatings, automotive refinish coatings and surface treatment business units will no longer be part of the sales and EBIT(DA) of the BASF Group or the Surface Technologies segment. Retroactively to January 1, 2025, and until the transaction closes, the income after taxes of these business units is presented in the income after taxes of BASF Group as a separate item (income after taxes from discontinued operations). The 2024 figures have been restated accordingly. The decorative paints business was not affected by this retroactive restatement and remained part of the Surface Technologies segment until the divestiture on October 1, 2025.
On December 16, 2025, BASF and Catexel GmbH, Wiesbaden, Germany, announced that they had signed an agreement to sell BASF’s optical brightener business, an ingredient for detergent formulations. The business is currently part of the Care Chemicals division within the Nutrition & Care segment. The transaction involves the international business, including the production of optical brighteners at the Monthey site in Switzerland, as well as around 80 employees. The transaction is expected to close in the first quarter of 2026, subject to the approval of the relevant authorities.